Projection of steady growth outlook in business revenue: Report

Twenty eight per cent of the respondents in India have projected a positive business revenue outlook for the next 12 months compared to 37 per cent in 2018, according to the latest Salary Budget Planning Report by Willis Towers Watson. Approximately two-thirds of surveyed organisations plan to maintain their headcounts in the next 12 months; 7 per cent of surveyed organisations plan to reduce headcount due to reasons such as automation and outsourcing.  The study looked at a range of job grades across various industry sectors and offers guidance for their annual salary forecasting for 2020. Here are some highlights.

Salary increase

India average salary increase is expected to remain on a steady path. The projected salary budget increase for 2020 remains at par as that of 2019